This paper proposes an endogenous growth model with an essential non-renewable resource, where economic growth enables firms to invest in innovation in the extraction technology and to allocate more capital to resource extraction. Innovation in the extraction technology offsets the deterioration...

A new approach to a company’s information systems is needed, if we take into consideration the globalization process of the economy, the intensified competition, the impose of new qualitative demands or the adjustment to new accounting standards. The former accountant is about to be replaced...

This paper provides an overview of diamond mining in sub-Saharan African countries, and explores the reasons for substantial differences in their tax rates and fiscal revenues from the sector, which mainly arise from differences in the incentives for smuggling. In a theoretical model, we show...

Coal is the major primary energy source in China. It is forecast that coal will account for over 60% of the primary energy consumption mix, and the total coal demand will reach 2.3-2.9 billion tons in 2020. However, ensuring the coal supply will be faced with a lot of obstacles in fields such as...